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Thursday, Jun 8, 2023

CEOs Confident That Economy Will Improve

CEOs see better economic times ahead, according to a national survey conducted by the San Diego-based business group Vistage International Inc.

That optimism boosted the Vistage CEO Confidence Index to 98.8 in the fourth quarter, up from 83.5 in the third quarter, but down from 106.3 one year ago.

Vistage checked in with 1,641 CEOs of small and medium-sized companies between Dec. 12 and 22, and released results of its survey Jan. 4.

Among the findings:

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Some 41 percent of respondents said they thought the economy had improved in the past year; 18 percent said the same in the third-quarter survey. Forty percent expect economic gains in the year ahead; 20 percent had such optimism in the third quarter.

More than half of respondents — 55 percent — said they planned to increase employment.

Some 73 percent of CEOs said they expected their revenue to grow, up from 62 percent in the third quarter.

Also, 55 percent said they expected increased profits, up from 47 percent in the third quarter.

Asked to predict which economy would see the most improvement in three years, 49 percent chose the United States. China got 17 percent of the vote, South America 14 percent, and India 10 percent.

— Brad Graves


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